Jose Barroso, the former European Commission president, said it’s entirely legitimate to work for Goldman Sachs and any mistakes its bankers made during the financial crisis were nothing to do with him.

As the scandal over Wells Fargo’s bogus consumer accounts was coming to a head this summer, executives concluded they had to act. It was time for a chat with Carrie Tolstedt, the manager who oversaw the retail business.

Deutsche Bank is going for long-term solutions rather than quick fixes in setting up its new compliance team to ensure the bank can put behind it the problems that have cost it billions of euros in fines, the bank's regulatory boss said.

Two former Wells Fargo employees have filed a class action in California seeking $2.6bn or more for workers who tried to meet aggressive sales quotas without engaging in fraud and were later demoted, forced to resign or fired.